This seminar is designed for accountants, CFO’s, controllers, financial managers, credit and lending analysts, financial planners and attorneys.
Through an in-depth look at detailed internal financial information you will learn to use this information to make more informed decisions, which could lead to an improved bottom line for your company. In addition, you will learn about financial measurements which can be used to identify weaknesses in your business. Once you identify these weaknesses you will be in a more informed position to solve them.
8:30 a.m. - 8:45 a.m.
A. General Comments
B. Why Internal Finance And Management Information Is So Important
C. Review Of Financial Statements – What Parts Of The Financial Statements Are We Talking About Today?
8:45 a.m. - 10:00 a.m.
II. Variable And Fixed Costing
A. Variable vs. Fixed Costs
B. The Advantages Of Variable Costing
C. Creating A Variable Cost Income Statement
D. Traditional Income Statements And Variable Costing – External vs. Internal Reporting
E. Understanding How Costs Behave – A Macro % Of Volume Approach Understanding The Cost Driver
10:00 a.m. - 10:10 a.m.
10:10 a.m. - 12:00 p.m.
III. Effective Decision Making
A. Special Orders: Determining Profitability
B. Dropping And Adding Product Lines
C. The Interplay Between Selling Price Changes And Profits
D. The Interplay Between Fixed And Variable Cost Changes And Profits
E. Outsourcing Decisions
12:00 p.m. - 1:00 p.m.
Lunch (On Your Own)
1:00 p.m. - 2:00 p.m.
IV. Setting Profit Goals
A. Determining Your Breakeven Point
B. The Margin Of Safety
C. Sales And The Target Profit
D. Considering A Mix Of Products – Breakeven Point For Mix Of Products
E. After Tax Goals
2:00 p.m. - 3:00 p.m.
V. Other Key Uses Of Financial Information
A. Understanding The Time Value Of Money – NPV Approach
B. Flexible Budgeting – Measuring Actuals Properly
C. Using Key Ratios To Measure Operating Profitability
3:00 p.m. - 3:10 p.m.
3:10 p.m. - 4:15 p.m.
VI. Current Trends
A. The Importance Of Data Integrity In Your Business System
B. Activity Based Costing
C. The Balanced Scorecard Approach To Overall Organization Success
4:15 p.m. - 4:30 p.m.
VII. Questions And Wrap Up